Lifeboat Foundation

With the price of a bitcoin surging to new highs in 2017, the bullish case for investors might seem so obvious it does not need stating. Alternatively it may seem foolish to invest in a digital asset that isn’t backed by any commodity or government and whose price rise has prompted some to compare it to the tulip mania or the dot-com bubble. Neither is true; the bullish case for Bitcoin is compelling but far from obvious. There are significant risks to investing in Bitcoin, but, as I will argue, there is still an immense opportunity.

Never in the history of the world had it been possible to transfer value between distant peoples without relying on a trusted intermediary, such as a bank or government. In 2008 Satoshi Nakamoto, whose identity is still unknown, published a 9 page solution to a long-standing problem of computer science known as the Byzantine General’s Problem. Nakamoto’s solution and the system he built from it — Bitcoin — allowed, for the first time ever, value to be quickly transferred, at great distance, in a completely trustless way. The ramifications of the creation of Bitcoin are so profound for both economics and computer science that Nakamoto should rightly be the first person to qualify for both a Nobel prize in Economics and the Turing award.

For an investor the salient fact of the invention of Bitcoin is the creation of a new scarce digital good — bitcoins. Bitcoins are transferable digital tokens that are created on the Bitcoin network in a process known as “mining”. Bitcoin mining is roughly analogous to gold mining except that production follows a designed, predictable schedule. By design, only 21 million bitcoins will ever be mined and most of these already have been — approximately 16.8 million bitcoins have been mined at the time of writing. Every four years the number of bitcoins produced by mining halves and the production of new bitcoins will end completely by the year 2140.

Continue reading “The Bullish Case for Bitcoin” »

Boeing reportedly developed the all-new stealthy drone specifically for the Australians as part of a classified program.

Parkinson’s patients treated with a groundbreaking new therapy to regrow their brain cells have criticised a decision by regulators to stop trials as ‘sinful.’

In the biggest surgical trial ever for the disease, British patients had holes drilled into the heads and special ports implanted so that a naturally occurring protein could be infused directly into the brain over nine months.

Described as ‘Baby Bio’ for brain cells, the Glial Cell Line Derived Neurotrophic Factor (GDNF) encourages the growth of cells that produce dopamine, a crucial hormone needed for movement, which vanishes in Parkinson’s patients.

Continue reading “‘Baby Bio’ for brain cells trial halted despite Parkinson’s patients seeing ‘miracle’ results” »

The power of machine translation to help you improve your writing at work.

But that doesn’t mean you should start chugging bone broth.

Long story short, qubits need a better immune system before they can grow up.

A new material, engineered by Purdue University researchers into a thin strip, is one step closer to “immunizing” qubits against noise, such as heat and other parts of a computer, that interferes with how well they hold information. The work appears in Physical Review Letters.

The thin strip, called a “nanoribbon,” is a version of a material that conducts electrical current on its surface but not on the inside — called a “topological insulator” — with two superconductor electrical leads to form a device called a “Josephson junction.”

In early times, the universe was an energetic mix of strongly interacting particles. The first particles to break free from this dense soup were neutrinos, the lightest and most weakly interacting particles of the Standard Model of particle physics. These neutrinos are still around us today, but are very hard to detect directly because they are so weakly interacting. An international team of cosmologists, including Daniel Baumann and Benjamin Wallisch from the University of Amsterdam, have now succeeded in measuring the influence of this ‘cosmic neutrino background’ on the way galaxies have become clustered during the evolution of the universe. The research was published in Nature Physics this week.

Global Winner ISDApp was created by a team called iNON in the Philippines (“isda” is the Filipino word for “fish”). This community app is designed to empower fishermen with daily information useful for fishing and safety. #SpaceApps #SpaceAppsPH

A virtual reality (VR) exploration of the Moon; an educational, problem solving, and collaborative VR game for kids using NASA and planetary data; and a tool to express the wonders of satellite imagery through audio are three of the six apps chosen as Global Winners in NASA’s 2018 Space Apps Challenge. The six Global Winners were selected from 1,375 apps created during an intense 48-hour global hackathon last October.